NPBFX Review 2024
Minimum
deposit:
  • $10

Trading platform:

  • MT4
Regulation:
  • The Financial Commission
Bonus for deposit:
  • 30%

NPBFX Review 2024

Updated:
Updated: January 31, 2024
Your capital is at risk.

8.47

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum
deposit:
  • $10

Trading platform:

  • MT4
Regulation:
  • The Financial Commission
Bonus for deposit:
  • 30%

Note!

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Summary of NPBFX Trading Company

The Best STP Broker

NPBFX is one of the top brokers in the financial market with the TU Overall Score of 8.47 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by NPBFX clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company. NPBFX ranks 14 among 406 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

NPBFX is a universal broker providing services on off-exchange financial markets. Trading conditions are suitable for traders with any level of knowledge and opportunities. Investors have access to ZuluTrade social trading.

NPBFX has been providing brokerage services since 1996. The company initially operated on behalf of NeftePromBank under a license issued by the Bank of Russia. After being rebranded in 2016, the broker refused the license of the Russian regulator and became a member of the Financial Commission, an independent international organization involved in resolving financial disputes with insurance coverage of €20,000 per trader. Today, NPBFX is a broker with an impeccable reputation, operating on the STP/ECN model, which rules out conflicts of interest. The company’s portfolio includes offers for almost every type of client: private traders using traditional strategies, algorithmic traders and scalpers, businesses and funds, and traders who prefer passive investing.

💰 Account currency: USD, EUR
🚀 Minimum deposit: 10 USD, 10 EUR
⚖️ Leverage: up to 1:1000
💱 Spread: From 0.4-0.8 pips (subject to the account type)
🔧 Instruments: Currencies, gold, silver, oil, natural gas, stocks, ETFs, and cryptocurrencies.
💹 Margin Call / Stop Out: No/30

👍 Advantages of trading with NPBFX:

  • The broker provides traders with best market prices supported by liquidity from Tier 1 banks and ECN systems, such as Integral, Currenex, and Hotspot;
  • Membership in the Financial Commission provides up to EUR 20,000 insurance coverage on deposits of traders;
  • social trading with access to the independent ZuluTrade platform;
  • Loyal trading conditions. Minimum deposit is $10 with leverage up to 1:1000;
  • all strategies are allowed, including scalping, hedging/locking, and algorithmic high-frequency trading on all types of accounts.

👎 Disadvantages of NPBFX:

  • compared to other brokers, the speed of copying trades on ZuluTrade is not the fastest;
  • no MT5 trading platform, which has unique advantages over MT4;
  • There are no licenses from regulators. The broker is a member of the Financial Commission, which does not always support traders and is not authorized to recover fines imposed on brokers;
  • no cent accounts.

Evaluation of the most influential parameters of NPBFX

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

8.11

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

6.27

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

8.29

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

7.67

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

8.55

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

6.83

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

5.99

/10

Trade with this broker, if:

  • You are in the market for a platform with a low entry requirement and favorable conditions right from the start. To open a genuine Master account with NPBFX, a mere $10 deposit is enough. On this account, you can engage in trading with spreads starting at 0.8 pips and no fees. The full range of assets and leverage up to 1:1000 are immediately accessible.
  • You highly value in-depth analytics and the opportunity to receive personalized recommendations. The broker's website offers separate news feeds for various asset categories with expert summaries, in addition to the economic calendar, trader's glossary, and other standard tools. There is also an analytical portal equipped with indicators. Each client of the broker can directly communicate with NPBFX's leading analysts in a chat.

Do not trade with this broker, if:

  • You are at the initial stages of your trading journey and require high-quality basic education. Apart from the FAQs and articles available on the website, there are no specialized educational materials tailored for beginners.

Geographic Distribution of NPBFX Traders

Popularity in

33.14%
RU
Russian Federation
29.07%
ME
Montenegro
12.28%
UA
Ukraine
10.4%
KZ
Kazakhstan
5.12%
UZ
Uzbekistan
4.5%
MY
Malaysia
3.4%
BY
Belarus
3.3%
ID
Indonesia
3%
ZA
South Africa
2.94%
SG
Singapore
14.85%
Others
Others

Video Review of NPBFX i

Expert Opinion

Chinmay Soni about NPBFX

Contributor
221

NPBFX is a forex broker with both its own strengths and its drawbacks. A standout feature is its impressive order execution speed, clocking in at up to 100 milliseconds, and the option to display traders' orders on ECN systems. The inclusion of social trading on platforms like ZuluTrade and AutoTrade adds to its features. The low minimum deposit of $10 further positions NPBFX as a welcoming choice for many traders.

The broker has a good social trading platform, ensuring immediate order execution. It has adopted a balanced commission system and competitive spreads, with no additional trading commissions; instead, NPBFX relies on the spread for revenue. The Expert and VIP accounts offer average spreads of 1.0 pips and 0.8 pips, respectively, on major forex pairs. However, the standard Master account features slightly higher average spreads of 1.2 pips on majors like the EUR/USD pair.

Since its rebranding in 2016, NPBFX, operating under NPBFX Limited, has the STP/NDD technology, aiming to eliminate conflicts of interest with clients. The availability of the NPBTrader platform and compatibility with the popular MetaTrader 4 terminal, linked to a liquidity aggregator, further enhance the trading experience, allowing transactions to Tier1 banks and facilitating mobile trading on various platforms.

A key concern, is that NPBFX's regulatory oversight comes from the International Financial Services Commission of Belize, which may not match the stringency of some other regulatory bodies. Additionally, the broker imposes high fees for withdrawals, particularly for credit and debit card transactions, posing a significant concern for those seeking a cost-effective provider. Some users have also reported complexities and delays in the verification process, coupled with the fact that NPBFX is considered an offshore broker, potentially raising concerns for certain traders.

Richard Best about NPBFX

Forex and Crypto Expert
244

Since its rebranding in 2016 twenty years after its founding, NFBFX has gained a sterling reputation based on providing a reliable, transparent, and conflict-free trading environment. With a focus on professionalism and customer satisfaction, NPBFX offers a range of trading services tailored to meet the needs of both beginner and experienced traders.

One of the notable features of NPBFX is its competitive trading conditions, including a low $10 minimum deposit, tight spreads, low commissions, and rapid trade execution. This ensures that traders can access the global financial markets with minimal costs and maximum efficiency. Also, NPBFX allows trading strategies, including scalping, hedging/locking, and algorithmic high-frequency trading.

NPBFX provides a variety of trading platforms, including the popular MetaTrader 4 (MT4) platform, known for its user-friendly interface and extensive trading tools. Additionally, the broker offers an excellent social trading platform that ensures immediate order execution. Mobile trading apps are available for on-the-go access to the markets, enhancing flexibility for traders.

NPBX has a couple of notable drawbacks. First, it does not offer the MT5 trading platform, which has unique advantages over the MT4 platform for advanced traders. Second, it holds no licenses from regulators, though it is a member of the Financial Commission, which provides up to $20,000 in insurance coverage. However, it is not authorized to recover fines imposed on brokers. It also has received mixed reviews on Trustpilot with a 2.4-star rating.

NPBFX Latest Comments for 2023 i

51 comments
Total score:
7 /10

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IDR2012
3 weeks ago

I was looking for a broker without slippages and decided on NPBFX. I can’t say that the broker is perfect, there are problems. But slippages here are not systemic and if they do occur, they are minor. The platform practically does not freeze. NPBFX withdraws money without problems.

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agusjiwantoro
6 weeks ago

I had accumulated my starting capital and had been looking for a suitable broker for a while. I planned to start with a small amount and gradually increase my investments, but I didn't expect that the trading conditions at NPBFX would have such a strong impact on my decisions. I liked that depositing funds into the account is quick and commission-free, and also the interesting promotions caught my attention. I have already opened a second account, and trading is going well. NPBFX broker fulfills all its obligations to the trader, and their portal with analytics is always accessible and useful.

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dilandhp
9 weeks ago

I got acquainted with the broker NPBFX a long time ago. This company has been operating in the brokerage market for over ten years. I started trading here as an inexperienced trader and lost my first deposit. I was very upset and left the broker. Then, a year later, I returned. But this time, I already had a trading strategy that was profitable. And now, for over a year, I have been trading with NPBFX again, this time successfully. I recommend this broker for cooperation.

Responses to a comment
swathi43 to dilandhp
6 weeks ago

I started trading with NPBFX right away. Over the three years of cooperation, there has been no reason to look for another broker. Here are good conditions that fully satisfy me.

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ajitraut
12 weeks ago

Started my journey in trading on financial markets five years ago. The initial experience with one broker was extremely unsuccessful. Not only did I fail to learn how to trade, but I also lost my entire capital. There were many issues on that platform. However, when I decided to collaborate with NPBFX, everything changed. Not only did I master trading, but I also managed to increase my capital by about two times.

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zahid-mehmood
15 weeks ago

From my own experience, I can confidently say that NPBFX operates clearly and follows the rules. There were no problems with trading, and technical support always responded quickly. Withdrawals are made on time. NPBFX is suitable for those who are looking for comfort and speed, especially for scalpers due to zero spreads. And the broker’s reliability is also at a high level!

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subedi_pradeep14
16 weeks ago

With NPBFX, one can earn decently. Starting with a $550 deposit, I managed to increase my capital to $1000. NPBFX doesn't restrict my trading even when I make significant profits. I recommend this company for collaboration.

Responses to a comment
catalin to subedi_pradeep14
12 weeks ago

The NPBFX broker doesn't hinder earning. I started trading here five years ago. Now I can say that the company offers quality services. I can recommend NPBFX for Forex trading to any trader.

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Jedisi
17 weeks ago

I honestly admit that I thought about whether to start working with NPBFX or not for a long time. There were doubts, because now there are many dubious brokers. But then they disappeared - I realized that I was worrying in vain. NPBFX is a serious company that is focused on providing high-quality services to access the Forex market. As a result, I got what I needed - a stable income and experience in trading.

Expert Review of NPBFX

After being rebranded in 2016, NPBFX set on development of two areas, namely improving data processing technology and social trading. Thanks to direct access to ECN platforms, such as Integral and Currenex, traders have instant order execution with tight spreads during rapid increase in volatility and liquidity compression. Speed of order execution, recorded in MT4 by means of script, is 50-70 ms while market average is 100-130 ms. Therefore, NPBFX is perfect for scalping, high-frequency algorithmic trading, and fundamental volatility trading, including short-squeeze.

Social trading has developed into a long-term partnership of the broker with the independent social trading platform ZuluTrade. Thanks to integration of technologies of NPBFX and Zulu traders can copy trades of thousands of traders, who are clients of different brokers from over 180 countries globally, with delay of several milliseconds. By using free ZuluTrade toolkit you can develop a comprehensive risk management system, which can limit possible losses in case of force majeure.

NPBFX is a broker for novice traders and professionals. For novice traders there is an account type with a $10 deposit which is the best for intraday strategies. Professional traders can work on the Expert account using advisors. The broker deserves a positive score according to user reviews, therefore the company is in TU Top 20 brokers.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Latest NPBFX News

16.05.2023
Many financial market experts believe that 80% of traders lose 80% of their capital within 2 months of starting trading, and only 20% of traders achieve
10.05.2023
Many beginners believe that the key to success in trading is a successful trading strategy. However, experienced financial players know that profits depend
04.05.2023
Achieving consistently high trading results largely depends on the trader's ability to take profits. However, not all traders know which methods are better
25.04.2023
Every trader knows that their success in the financial market is directly dependent on the news they are operating with. News influences commodity price
19.04.2023
The financial market is open for trading 24 hours a day, five days a week. Some trends are altered during trading to account for the unique specifics of
05.04.2023
The Forex market is open 24 hours a day, 5 days a week. However, despite this availability, many traders prefer to work at specific times when the session
22.03.2023
Support and resistance levels are a crucial trading tool for any trader, as they dictate the range in which the profit lies.However, most inexperienced
15.02.2023
​Precious metals, like gold and silver, are popular among investors because they enable them to preserve and grow their capital during times of economic

Dynamics of NPBFX’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets and Products of the Broker

NPBFX is a broker that will appeal to both active traders and passive investors (or those who work withboth options). NPBFX's passive trading opportunities are represented by a trade copying service with access to the international ZuluTrade platform. As an alternative, NPBFX offers copy trading on the AutoTrade platform by MyFxBook. The broker's partner program offers two options for cooperation, with partner rewardshigher than the market average.

ZuluTrade and NPBFX — copying trades on an international platform

ZuluTrade is an independent international platform that provides access to a database of traders, whose trades can be copied. The platform provides a variety of options for traders to manage their accounts, set different terms for copying trades, and build investment portfolios with varying levels of risk and strategy types. Portfolios can be used both for passive earnings and to engage other investors.

Pros of ZuluTrade:

  • availability of the ZuluGuard mechanism, which protects the investor's deposit from high-risk strategies such as the use of Martingale coefficients.

  • signal providers are traders from all regions. Users can trade 24/7.

  • NPBFX ensures that orders are executed automatically and quickly.

  • Modeling tool. You can simulate potential profit and loss of your strategy taking into account several scenarios of the situation development even before connecting to their accounts.

  • Automated risk management. This is automated lot distribution among several traders depending on their trading performance with instant shutdown, if strategy’s statistical parameters set by investors are exceeded.

This is how social trading works: an investor connects to the account of a trader, whose trades are automatically copied to the investor's account. In the case of a profitable trade, the trader receives commission, which is deducted from the investor's income. The terms of copying (percentage of the trader's position volume, fixed or full volume, and risk level) are set by investors through their user accounts.

Copy trading on AutoTrade by MyFxBook

AutoTrade by MyFxBook is an automated trading platform providing for automatic copying of trading signals of traders by investors. It differs from ZuluTrade in more simplified functionality for inexperienced investors. Platform’s users get access to MyFxBook’s analytical tools aimed at deep trading statistics analysis.

Advantages of AutoTrade:

  • Strict approach to compiling the rating of traders. Losing and demo accounts do not participate in this rating. If traders become unprofitable and try to adjust the strategy by increasing position volume, they are removed from the rating;

  • Opportunity to use demo accounts for training;

  • Minimum additional tools. Novice investors only need to understand the mechanism for setting copying parameters. They need neither additional software, nor VPS server;

  • Real trading statistics of traders, which can be checked by investors using the investor password.

AutoTrade is a copy trading service for novice traders who want to become signal providers over time.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

NPBFX referral program

The broker offers the following types of partnership programs:

  • Revenue Share. This program provides for rewards for referral’s regular trading. The more and the longer referrals trade, the more the partner earns. The reward amount is up to $19 per one standard lot;

  • CPA (Cost Per Action). This program provides for one-time reward for referral’s verification and deposit. The reward is up to $900 for each referred trader.

Advantages of NPBFX referral programs include high remuneration rates, additional benefits, and special individual terms for regional representatives.

Trading Conditions for NPBFX Users

NPBFX broker's trading conditions are optimally suited for all categories of clients. Novice traders can open an account with a minimum deposit of $10, while professional traders can use STP or ECN accounts. The leverage is different for each type of account.

The broker offers classic MetaTrader 4, which is the best for working with customized indicators, scripts, and advisors. The servers of the company are located in the Equinix NY4 data center in New York, which has direct access to the world's largest liquidity providers. Thanks to this technology, the clients of NeftePromBank benefit from a high speed of order execution with minimal delays.

All NPBFX accounts have a narrow floating spread. It starts with 0.8 pips on the Master account, 0.6 pips on the Expert account, and 0.4 pips on the VIP account. Traders can use scalping, hedging, and position locking on all types of accounts. Among other benefits, advisors and robots are allowed. Traders from Muslim countries can use a Swap Free account.

NPBFX clients who prefer social trading can connect to the popular ZuluTrade platform and copy trades at an average speed of 200-500 ms. Also there is an alternative social trading platform AutoTrade by MyFxBook, a partner of the broker. As passive income options, the broker offers 2 types of referral programs with a high amount of remuneration for referred clients. There is also access to the Dow Jones newsfeed.

$10

Minimum
deposit

up to 1:1000

Leverage

24/5

Support

💻 Trading platform: МТ4
📊 Accounts: Demo, Master, Expert, VIP
💰 Account currency: USD, EUR
💵 Replenishment / Withdrawal: Visa, Mastercard, Webmoney, FasaPay, AdvCash, Skrill, Ngan Luong, Neteller, as well as other local payment systems, SEPA, SWIFT, Local Bank Transfer for SEA (for IDR, MYR, VND, THB), and cryptocurrencies. Payment methods differ depending on the jurisdiction. Complete list is available in the user account upon registration.
🚀 Minimum deposit: 10 USD, 10 EUR
⚖️ Leverage: up to 1:1000
💼 PAMM-accounts: No
📈️ Min Order: 0,01
💱 Spread: From 0.4-0.8 pips (subject to the account type)
🔧 Instruments: Currencies, gold, silver, oil, natural gas, stocks, ETFs, and cryptocurrencies.
💹 Margin Call / Stop Out: No/30
🏛 Liquidity provider: N/a
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: Instant execution, market execution
⭐ Trading features: It is allowed to place orders within the spread; Islamic accounts are available.
🎁 Contests and bonuses: YES
Your capital is at risk.

Comparison of NPBFX with other Brokers

NPBFX RoboForex Eightcap Exness Octa FxGlory
Trading
platform
MT4 MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MetaTrader4, MetaTrader5 MT4, MobileTrading, MT5
Min deposit $10 $10 $100 $10 $25 $1
Leverage From 1:1
to 1:1000
From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:1
to 1:500
From 1:1
to 1:3000
Trust management No No No No No No
Accrual of % on the balance No No No No No 8.00%
Spread From 0.4 points From 0 points From 0 points From 1 point From 0.6 points From 2 points
Level of margin call
/ stop out
No  /  30% 60%  /  40% 80%  /  50% No  /  60% 25%  /  15% 20%  /  10%
Execution of orders Instant Execution, Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution Instant Execution, Market Execution
No deposit bonus No No No No No No
Cent accounts No Yes No No No No

Broker comparison table of trading instruments

NPBFX RoboForex Eightcap Exness Octa FxGlory
Forex Yes Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes Yes
Crypto Yes No Yes Yes Yes No
CFD Yes Yes Yes Yes Yes Yes
Indexes Yes Yes Yes Yes Yes No
Stock Yes Yes Yes Yes Yes No
ETF Yes Yes No No No No
Options No No No No No No

NPBFX Commissions & Fees

Information
TU experts analyzed trading conditions of the broker . The results are as follows:
1. Declared spreads depend on the asset type. For example, if the declared spread on the Master account is from 0.8 pips, for non-major currency pairs it is over 1.6 pips. The exact spread can be found in the specification only.
2. On the Zero account with zero spreads the declared fee of $8 is for currency pairs only. On other assets it can exceed $15-$20.
3. Deposit fee is charged for bank transfers. The 0% withdrawal fee applies only to the first transaction.
Account type Spread (minimum value) Withdrawal commission
Master from $8 Yes
Expert from $6 Yes
VIP from $4 Yes
Zero from $8 Yes

Also, the comparative analysis of NPBFX’s fees to those of other brokers was conducted. The EUR/USD pair was taken as a basic asset, as well as average spread per full standard lot on all account types.

Broker Average commission Level
NPBFX $6 Medium
RoboForex $1 Low
Pocket Option $8.5 High
Logo NPBFX
$6
$1
$8.5

Detailed review of NPBFX

NPBFX positions itself as an ECN/STP broker with direct access to major Tier 1 liquidity providers and to ECN platforms. This means that traders’ positions on Master/Expert accounts are routed straight to liquidity providers which offer better prices due to big trading volumes. Trades on the Zero account are routed directly to ECN networks where orders are executed due to counter volumes of traders. Therefore, speed of order execution is 50-70 milliseconds, while market average is 100-130 ms.

NPBFX is a bank broker for those who value reliability

A competitive advantage of NPBFX is a good combination of active trading and investment on a single platform. Each client can register on social trading platforms such as ZuluTrade and AutoTrade. Zulu is a more advanced option with various additional tools for risk management and building investment portfolios from traders’ strategies. AutoTrade is a simplified option with good analytics. Moreover, there is the MQL5.community copy trading service, which provides for connection to traders’ signals directly from MT4.

Trading assets include currency pairs with exotics, stocks, ETFs, over 10 CFDs on indices, and cryptocurrency pairs.The pool of assets is expanding, and therefore, traders can find something interesting for themselves.

Useful services offered by NPBFX:

  • ZuluTrade. Due to the partnership of NPBFX with this independent social trading platform you can copy trades of professional traders who are clients of other brokers.

  • AutoTrade. This is a simple copy trading service for novice traders by MyFxBook. This option is for those who want not only copy trades, but also learn to analyze trading statistics and become a professional trader.

Advantages:

1

20,000 euros in an insurance fund for each client; payments are guaranteed by the Financial Commission, an independent financial organization;

2

narrow market spreads — within 0.8-1.2 pips;

3

reliability guaranteed by the reputation of one of the largest banks in Russia.

There are no strategy restrictions — hedging, locking, algorithmic trading, scalping, and high-frequency trading (HFT) are all supported.

How to Start Making Profits — Guide for Traders

NPBFX provides four accounts for different types of traders: beginners, professionals, and institutional market participants. Their difference is in the spread and the minimum deposit.

Account types:

Account Type
Description
Master
a classic STP account for novice traders and traders with little experience. The spread is from 0.8 pips (1.2 pips on average), the minimum deposit is $10, leverage is up to 1:1000 (subject to trader’s jurisdiction), and the minimum trade volume is 0.01 lots.
Expert
account for professional and algorithmic trading. Spread starts at 0.6 pips (1 pip on average), the minimum deposit is from $5,000, leverage is up to 1:1000 (subject to trader’s jurisdiction), and the minimum trade volume is 1 lot.
VIP
account for institutional investors with a minimum deposit of $50,000, leverage is up to 1:1000 (subject to trader’s jurisdiction), the spread is from 0.4 pips (0.8 pips on average), and the minimum trade volume is 1 lot.
Zero
This is an ECN account for professional traders. The minimum deposit is $1,500. Spreads are not charged. There is a fixed fee which is subject to the asset type. It is $8-$10 for full standard lot for currency pairs. The fee can be up to $20 on certain assets.

A demoaccount is also provided to help users discoverthe platform's functionality, trading opportunities, and strategy development.

Useful Tools

In addition to trading and social trading platforms, you can find free auxiliary tools on the NPBFX website. They can be used for additional analysis or for development of trading systems.

  • Analytical portal. This is an analytical application where you can find daily reviews of basic trading assets, macro- and microeconomic statistics, and access to a live chat with analysts. The access is possible only upon registration.

Useful tools of NPBFX - Analytical portal
Useful tools of NPBFX - Analytical portal
  • Trading signals. The broker provides signals for over 20 assets, including oil, stock indices, and metals. Forecasts are prepared for different time frames ranging from M1 to D1 according to fundamental analysis and basic indicators of technical analysis, such as moving averages, oscillators, and channel indicators. Signals are available in the user account upon registration.

Useful tools of NPBFX - Trading signals
Useful tools of NPBFX - Trading signals
  • Trader’s calculator. This is a tool that allows you to calculate the cost of a pip, swap, margin, and potential profit/loss based on input data. It is available on the broker's website for free.

Useful tools of NPBFX - Trader’s calculator
Useful tools of NPBFX - Trader’s calculator

Investment Education Online

Information

The  section on the NPBFX website is a powerful analytical and educational tool where professionals can find a wealth of interesting materials.

Information provided in the “Education” section
Information not available on the NPBFX website
Live chat with an analyst
There are no descriptions with templates of particular indicators and expert advisors based on them
Courses, workshops, and webinars with theoretical information and current forecasts
 
Electronic Forex tutorial
 
Trading signals and trader calculators
 
Trading strategies. There are over 60 strategies for 9 time frames ranging from scalping to position trading.
 

A demo account allows users to put their newly acquired knowledge into practice.

Security (Protection for Investors)

Information

The broker is a permanent member of the Financial Commission, an independent international organization for the settlement of Forex disputes.

👍 Advantages

  • Insurance coverage by the Financial Commission is 20,000 euros
  • Segregated accounts
  • The broker's reputation is supported by the reputation of the bank

👎 Disadvantages

  • The Financial Commission does not have tools to recover fines imposed on the broker. Moreover, the Commission does not always decide in favor of traders

Withdrawal Options and Fees

  • NPBFX provides instant deposit and withdrawal of funds upon the trader's request. There is no limit on the number of requests.

  • The following deposit and withdrawal methods are available: Visa, MasterCard, Webmoney, FasaPay, Skrill, AdvCash, Ngan Luong, Neteller, as well as other local payment systems, SEPA, SWIFT, Local Bank Transfer for SEA (for IDR, MYR, VND, THB), and cryptocurrencies. To learn the available payment methods for your region, register with the broker and go to a deposit tab in your user account.

  • Withdrawal of the first amount is free (the fee is covered by the broker). The fee for subsequent withdrawals is determined by the payment system.

  • The fee amount for the next withdrawal is subject to the payment system and your jurisdiction. All fees are available in the Trading/Documents/Tariffs in the deposit and withdrawal section.

  • Withdrawal period is 1-3 days.

  • Withdrawal and deposit currencies: EUR, USD.

Customer Support Service

Information

NPBFX support service is available 24/5. 

👍 Advantages

  • Fast response to any client queries
  • Multilingual support

👎 Disadvantages

  • Is not available on weekends

There are several ways to contact customer support:

  • directly by the toll-free phone numbers indicated on the website;

  • by email;

  • by chat on the broker's website (provided that the managers are online);

  • using the feedback form.

Customer support is reachable from the broker's website or user account.

Contacts

Foundation date 2010
Registration address Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines
Regulation
Official site
Contacts
Your capital is at risk.

Review of the Personal Cabinet of NPBFX

Start working with NPBFX by registering for free on the website of the Traders Union rebate service, which will allow you to receive future partial spread compensation. Follow the referral link to the broker's website and open a live trading account. To do this, follow the steps below.

1

Click the "Register" button (the other option is to go to the trading conditions page and click the "Open account" button).

Opening an account on the NPBFX website
Opening an account on the NPBFX website
Opening an account on the NPBFX website
Opening an account on the NPBFX website
2

Enter your personal data, including your email address and phone number, where the confirmation codes will be sent. Access to the user account will be granted after entering the above details into the registration form. To use the full functionality of the user account, you need to pass verification.

3

The NPBFX user account includes the following features:

1. Depositing and withdrawing funds from the account, viewing account statistics

2.Opening a signal account (demo account for copying trades).

1. Depositing and withdrawing funds from the account, viewing account statistics

2.Opening a signal account (demo account for copying trades).

There are also many other useful functions and features, including:

  • managing referral programs and viewing statistics, management of promotions 

  • personal profile configuration (uploading documents for verification, etc.)

  • access to the analytical portal and reviews of trading strategies;

  • offer (client agreement).

Disclaimer:

Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
NPBFX Review NPBFX Review

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FAQs

Is NPBFX regulated?

NPBFX is not licensed by a regulator, but the broker is a member of the Financial Commission, which is the authority for financial dispute resolution.

What type of Forex broker is NPBFX?

NPBFX positions itself as an STP (Straight-Through Processing) broker, but also it has direct access to ECN systems.

What is the minimum deposit with NPBFX?

The minimum deposit is $10.

What are the advantages of NPBFX?

The advantages are: high speed of order execution (up to 100 ms), displaying traders’ orders on ECN systems, and social trading on ZuluTrade and AutoTrade.

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